Industrial Commercial and Agricultural Co announced that its profits declined by 31.9% to JOD 761.46 thousand in the first half of 2014 compared with JOD 1.11 million during the same period of 2013.

Operation profits of the company plunged by 24.8% to JOD 1.26 million this year compared with JOD 1.68 million last year. Sales declined also by 22.47% to JOD 12.26 million in H1-14 against JOD 15.81 million in H1-13.

The company’s profits had decreased to JOD 361.1 thousand in the first quarter this year against JOD 540.2 thousand in the first quarter last year.